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Sheinbaum Touts Prospects for Strong USMCA Review Outcome as Start Date Nears

Sheinbaum says the formal review has not begun, with a June window that she argues will bolster investment certainty once opened.

Overview

  • Mexico’s president voiced confidence in reaching a good agreement with the United States and Canada and said talks with Washington are ongoing.
  • She clarified that the trilateral review has yet to formally start but must begin soon and that formalization is intended to provide greater clarity for investors.
  • She urged against speculating about Canada’s departure, saying any decision rests with Prime Minister Mark Carney following his recent outreach to China.
  • A Goldman Sachs report suggesting negotiations could effectively become a U.S.–Mexico bilateral deal was characterized as market analysis rather than an established outcome.
  • Canada’s Governor General Mary Simon is scheduled to meet Sheinbaum on Tuesday at Mexico’s National Palace, as U.S. President Donald Trump has publicly downplayed the review.